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Title : Crypto News: Sweden’s Largest Online Stockbroker Avanza Bank Adds Bitcoin Services
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Crypto News: Sweden’s Largest Online Stockbroker Avanza Bank Adds Bitcoin Services

The Swedish firm Avanza Bank Holdings founded in 1999 is a well-known financial establishment in the region. The brokerage service participates in the largest number of trades that take place on the Stockholm Stock Exchange. This week the financial institution announced it would provide a feature that allows a complete picture of their customer’s portfolio; including bitcoin investments. According to the bank’s press release, Avanza customers will be able to view both bitcoin and ethereum holdings.  

“More and more of our customers are investing in cryptocurrencies, and therefore it is natural that they can follow the value directly with us,” explains the stockbroker’s CEO Johan Prom.

Even though the bank is moving towards cryptocurrency services, the bank’s own savings economist, Claes Hemberg, has been very outspoken against bitcoin in the past. Hemberg is “concerned” for retail investors and believes that bitcoin is a pyramid scheme. “Instead, I look forward to the possibility that the Swedish Riksbank will offer a first serious alternative – the e-krona – within 1-2 years,” explains Hemberg this past August. Hemberg has also said that he believes bitcoin is no different than the MLM scheme Onecoin.

Hemberg isn’t bothered by Avanza choosing to look at bitcoin more closely, but also says they didn’t ask him about the decision. “Avanza is developing products that they think are good, while I say what I consider to be good for the savers,” Hemberg explains to the press.

Full story at http://bit.ly/2xU3gna

Source: Bitcoin News

 

 

 

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